Brave Like Gabe Foundation
- Assets
- $1.1m
- Revenue
- $507.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Minneapolis, MN
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 82-5528605
Organization Overview
Brave Like Gabe Foundation is located in Minneapolis, MN. The organization was established in 2019. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Brave Like Gabe Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brave Like Gabe Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Brave Like Gabe Foundation generated $507.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $636.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Brave Like Gabe Foundation has awarded 16 individual grants totaling $1,376,272. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT RARE CANCER RESEARCH AND EMPOWER ALL CANCER SURVIVORS THROUGH PHYSICAL ACTIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING RESEARCH FOCUSED ON RARE CANCERS. THE BRAVE LIKE GABE FOUNDATION SUPPORTED RARE CANCER RESEARCH THROUGH DONATIONS TO MEMORIAL SLOAN KETTERING CANCER RESEARCH CENTER, THE ADENOID CYSTIC CARCINOMA RESEARCH FOUNDATION, UNIVERSITY OF MINNESOTA, DANA FARBER CANCER INSTITUTE, AND THE FRED HUTCHINSON CANCER CENTER. SUPPORTING THOSE IMPACTED BY RARE CANCERS, RAISING AWARENESS OF RARE CANCERS, AND CREATING COMMUNITY THROUGH SOCIAL MEDIA AND THE ANNUAL BRAVE LIKE GABE 5K RUN. THE 5K HONORS GABRIELE GRUNEWALD'S LEGACY AND CONTINUES TO INSPIRE PEOPLE TO KEEP #RUNNINGONHOPE, AND RAISES FUNDS TO FIND BETTER, MORE EFFECTIVE TREATMENTS FOR ADENOID CYSTIC CARCINOMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Tollefson Board Member | Trustee | 1 | $0 |
Courtney Thornton Board Member | Trustee | 1 | $0 |
Emily Richter Board Member | Trustee | 1 | $0 |
Harrie Bakst Board Member | Trustee | 1 | $0 |
Julie Gabrielson Treasurer | OfficerTrustee | 1 | $0 |
Justin Grunewald Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $410,395 |
| Noncash contributions included in lines 1a–1f | $31,541 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $410,395 |
| Total Program Service Revenue | $54,863 |
| Investment income | $17,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $24,676 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $507,320 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $303,308 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,075 |
| Compensation of current officers, directors, key employees. | $10,307 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,943 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,877 |
| Payroll taxes | $13,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $73,685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,072 |
| Advertising and promotion | $11,742 |
| Office expenses | $2,418 |
| Information technology | $6,055 |
| Royalties | $0 |
| Occupancy | $10,847 |
| Travel | $4,275 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,409 |
| All other expenses | $860 |
| Total functional expenses | $636,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,697 |
| Savings and temporary cash investments | $833,371 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,917 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $60,337 |
| Prepaid expenses and deferred charges | $3,506 |
| Net Land, buildings, and equipment | $1,404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,816 |
| Total assets | $1,078,048 |
| Accounts payable and accrued expenses | $4,402 |
| Grants payable | $366,650 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $50,213 |
| Total liabilities | $421,265 |
| Net assets without donor restrictions | $646,783 |
| Net assets with donor restrictions | $10,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,078,048 |
Grants Awarded
Over the last fiscal year, Brave Like Gabe Foundation has awarded $303,185 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DANA FARBER CANCER INSTITUTE PURPOSE: RARE CANCER RESEARCH | $75,000 |
ADENOID CYSTIC CARCINOMA RESEARCH FOUNDATION PURPOSE: RARE CANCER RESEARCH | $65,000 |
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: RARE CANCER RESEARCH | $13,185 |
FRED HUTCHINSON CANCER RESEARCH CENTER PURPOSE: RARE CANCER RESEARCH | $150,000 |